Binary trading

There is no doubt that binary trading has reached a great level of popularity, and in a very short time. It became an independent market not even ten years ago, and it has a vast number of users, as well as many brokers. There are also helpful tools for traders, such as binary signals and robots, and in this article we will deal with the latter category.

What are binary robots?

Binary robots are software tools which binary traders use for automated trading. They allow you to connect the account you have with a broker with one you have with the robot. After this, you can set the trading parameters as you like and let the robot do the trading on your behalf, while you do something else. Some online money making systems, to see some of them visit Top 10 Binary Apps. They connect the account you have with a broker with a binary trading robot which trades on your behalf.

Advantages of binary robots

Many people are still skeptical when it comes to automated trading. Still, it has many advantages and useful features for the traders.

First of all, one of the main requirements for successful trading is removing all emotional influence from decision making. It may be challenging for some traders, especially when they are tired or generally impulsive and emotional. With binary trading, all emotions are under control. You can rationally choose the trading parameters, and let the robot decide based on them and the facts from the market.

Then, binary robots are based on trading predictions calculated by complex software. The algorithm is created to predict the outcomes based on the market situation. This is especially useful for new traders, since they are much less capable of predicting the outcome of the trade, due to the fact that they are not yet familiar with market analysis.

Busy traders also find binary robots very useful. Automated trading allows them to do something else or perform other trades while the robot is trading on their behalf.

Drawbacks of binary robots

Although they are useful for new or busy traders, binary robots have some drawbacks as well.

First of all, few of them are highly accurate, because the concept is still relatively new. However, this is improving with time, so in a short time we can expect binary robots which are 90% or more accurate.

Another drawback is that some robots do not allow you to set the amount of money you will allow them to lose while trading. This may cost you a lot and put you in debt. Therefore, make sure to choose a robot where you will be able to set as many parameters as possible and control the loss.

Conclusion

After you see the plus and the minus sides of binary robots, you can conclude that there definitely are both pros and cons for using them. Our advice is to give it a try, but make sure to pay attention to the robot you choose. Pick a reliable one, with high accuracy (but for now, do not go for higher than 90%). Also, choose a robot with many customizable options, take it slow and follow the progress.

Thanks to the modern technologies, plenty of activities can be completed over the Internet. Working and making money are also possible to be done online, and binary trading is one of the trading methods with a rise in popularity.

What is binary trading?

Binary trading is a trading method based on duality. You have the price of an asset, and you should predict whether it will raise or fall within a predefined period of time. It is possible to trade stocks, indices, commodities and forex, which means that binary trading covers several different markets.

Even though this system is very simple to understand, it is necessary to master some skills if you want to earn money through it. While the trading method is very straightforward, you still require good tactics and lots of knowledge.

Tips for success in binary trading

If you want to try binary trading, the advantage of this method is that it is very simple to learn. Still, there are some useful tactics to apply when you start trading, in order to increase your success rate and earn more money. We will give you several guidelines to help you.

Find a good broker

The moment you decide you want to trade binary options, it is time to look for a broker. Do not settle for the first one you find online. Ask around, read forums and blogs, do the research and explore all the options. Good brokers, for example Brit Method, offer a lot of assets for trade, good conditions for the traders and they have a license for operation.

Find your trading strategy

Binary trading may seem simple and based on a choice between two options, but once you get involved in it, you will realize that there is much more. You need to choose the type of binary options, the assets you want to trade, predetermine the time and choose the amount of money to invest. All this requires some thinking and planning, so you can achieve maximum results and minimize the loss. This is why you need to develop your trading strategy. It can involve some of the universal ones, or you can invent your own.

Keep record of your results

Keeping record of whatever you do can give you a better insight into the progress and the results you achieve. Therefore, there is no reason to skip this rule for binary trading. You should track your results and keep record of every trade – how much money you invested, did you win or lose, what was the trading asset, how many trades you executed during one day etc. These records will help you spot the strong and weak points in your trading methods. This will help you correct the weak points and change strategy so you can achieve better results.

Never stop learning

If you want to be a successful trader, it is important to know your market. Get to know market opportunities, features of different assets and follow the fluctuations on the market. Learn to draw conclusions from the market conditions and trends, because this way you will be more successful in predicting the outcomes.

Binary trading is simple, easy to learn and it can earn you a lot of money. One of the key requirements for successful trading is to find a good binary broker. This is something you need to do before you start trading, so make sure to do a research, explore and allow yourself to be critical.

Features of a good binary broker

Binary trading is rising in popularity, so there are hundreds of brokers available online. Nowadays it is not so difficult to find a reliable one, because there is much more of them than it was a few years go. Still, there are many scam brokers you should not trust, and you should know how to differentiate them from the trustworthy ones.

Decent binary brokers offer you a fast and responsive trading platform, with a great number of assets to trade. Then, they offer good conditions for the traders, and several deposit and withdrawal methods. They should have Customer Support section with clearly stated information about the company, and an additional security is provided if they have a license from some financial authority.

Trading platform and assets

Reliable brokers must have a platform which is fast, responsive and user-friendly. A good example is the platform of Banc de Binary, which has all these features. Do not be afraid if you see several brokers using the same platform. It is because they pay for the already created platforms instead of creating their own, and it is a system most broker uses. There should be at least 70-80 different trading assets, and some brokers even offer over 100.

Conditions for the traders

When choosing a broker, pay attention to the terms and conditions. Check the payout percentage, which should not be lower than 95%. Also, some brokers offer a return of money for lost trades, usually between 5 and 15%, and it is a feature you should look for as well. Check the period needed for payout, and note that it should not be longer than 5 workdays.

Deposit and withdrawal methods

A reliable broker should offer many different payment methods. A good sign is if there are the options of paying by credit and debit cards, and through various e-wallets. Some brokers even offer wire transfer. If only some suspicious e-wallets are offered, make sure to avoid this broker.

Customer Support

Every company should have the Customer Support service, as well as the address where it is located. Online binary brokers are no exception to this rule. Check whether there is a Customer Support section, which should provide many ways of contacting the company – email, Skype, live chat and the address.

Licenses

Binary brokers which operate legally usually have the license from financial and legal authorities. One of such institutions is Cypress Security and Exchange Commission (CySEC). If the broker has their license, you can be sure that it operates legally and that you will not get scammed. Still, note that some reliable brokers do not have their license. This is because they are still new and they are in the process of getting licensed for operation. If you find a broker that seems reliable based on other criteria, but it has no license, do a little research and find out when they were founded.

Binary trading is an increasingly popular trading method, among both laymen and experienced traders. It is easy to master, simple to perform and it can bring you great earnings, which is why so many people decide to get involved. However, if you are new at it, you may encounter several problems once you start trading. In order to help you solve them, we will give you some useful tips.

Most common problems

While you should have no trouble learning the binary trading basics, there are some problems you may encounter once you start trading. First of all, you should learn to follow the market and base predictions on its fluctuations, which is more difficult than the trading itself. Then, you can lose money only for trying out the platform, or lose a lot of money in the beginning of your trading career. Choosing and using signals and binary robots can pose a difficulty as well.

Following market fluctuations

If you want to predict the outcomes successfully and end up the trades in the money, you need to learn how to follow the changes in the market. It may seem difficult and overwhelming once you begin, but there are ways to make it easier and systematized. Use free learning resources such as e-books and video tutorials to learn how to analyze the market. You can find them on many brokers’ websites or on YouTube. Subscribe for news digest and follow the trends in the market where you trade, so you can avoid getting too much information.

Saving money

When you start binary trading, it may take a while before you find the broker and the platform you are completely satisfied with. Since every broker requires at least $100 of initial deposit, you may lose a lot of money while exploring. Therefore, make sure to use brokers which offer a free demo account. Most of them offer it for free and all you need to do is register. Some brokers even offer a demo for people who are not registered. This way you will be able to try the trading platform before you invest real money, and you will end up without any actual loss.

When it comes to saving some money during the actual trade, make sure to find the broker which offers return percentage for trades that end up out of money.

Choosing the robot and signals

Binary robots and signals are useful for every binary trader. Some money earning systems, such as Brit Method, connect you with the binary trading robot as well. However, the choice is huge and it may not be easy to pick the right one. Click here to choose a robot, look for one with as many options as possible and which operates with reliable brokers. This way you will be able to set the parameters so you lose as much money as you are willing, and you will not allow the robot to go over this limit.

When it comes to the signals, choose those with high accuracy rate. However, do not trust the signals offering over 95% accuracy, because it is likely to be a plain scam.

Read reviews, stay informed, ask questions and you will certainly find your way in the world of binary trading.

Binary trading is a very simple and easy to learn, which is why it is the favorite trading method of many users. It became independent from other markets around 10 years ago, and it has been rising in popularity since then. Because there are so many users of this method, there are plenty of helpful and useful trading tools you can find online. They make the trading easier and more successful, and help the traders stay informed.

What can you expect from binary trading tools?

Since binary trading is so straightforward and simple, many people wonder if there is a need for the tools which can simplify the trading further. However, the experience has shown that these tools are very helpful and useful for all the traders , such as http://www.top10binarystrategy.com/.
Even though binary trading itself really is simple, there is a lot more behind it. You need to learn to follow the market, observe every change and draw conclusions from it, so you can make correct predictions. You need to explore, learn and stay informed, develop the best strategy and keep track of your results. This is why there are different tools for binary traders, which serve different purposes and have a great number of users.

E-books and other learning materials

Some binary brokers offer free e-books on their website, together with video tutorials, glossary of binary trading terms and so on. These materials are great if you need to learn the basics of trading, so they may be particularly useful for novice traders.

News digests

Since successful trading depends o your knowledge about the market conditions, subscribing for a news digest can be a smart move if you want to stay informed and perform better. If you are interested in a particular market, for example forex, you can subscribe for daily or weekly news digest from this area. This way you will receive the news which are important for your trade and stay informed about the situation and trends in the forex market. You will avoid reading the news not related to your trading area, which will help you stay focused. Many binary brokers offer this service to their users, so make sure to use it.

Binary signals

Binary signals are ideal for novice traders and those who are too busy. They are trading suggestions based on the current market situations, and many brokers who offer trading platforms also offer the signals. If you decide to use this feature, you will receive the suggestions on your email or phone with the advice which assets to trade and how. You are not obliged to trade this way, but it serves only as a prediction someone made instead of you.

Binary robots

Binary robots are useful for busy traders or those who have a daily job and many other obligations. It enables you to connect your trading account with an automatized trading system, set the parameters and let the robot do the trading on your behalf. You should choose a reliable robot with many customizable options, such as Binary Option Robot. It allows you to set the amount of money you are willing to lose, and it will stop the trading as soon as it reaches it.